Promoter holding
64.27%
UI
Ushdev International Limited - Due diligence report
A 360° intelligence report on Ushdev International: trust score, financial health, credit view, compliance, directors, growth and distress s…
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Ushdev International — 360° Intelligence Report
Generated from MCA filings & public records40/100
Trust Score
Caution Indicated
Ushdev International is assessed as Caution Indicated with a Trust Score of 40/100. Ushdev International is a public limited indian non-government company incorporated in 1994, operating in the Metals and Minerals sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.
Report generated on 23 Aug 2026 from the latest processed filings. Ushdev International Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreCaution Indicated
40/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
30/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Externally credit-rated (D).
Charges position: 12 open (6,507.07 cr) · 34 satisfied (2,188.62 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 3 | 48.0 cr |
| State Bank Of India | 4 | 48.0 cr |
| Oriental Bank Of Commerce | 4 | 48.0 cr |
| Others | 1 | 48.0 cr |
| State Bank Of Hyderabad | 1 | 48.0 cr |
| Bank Of Maharashtra | 1 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Liquidation" - not Active.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: SEBI, BSE, BANKS.
- Litigation present in 5 court forum(s).
- 1 auditor resignation(s) filed - latest: KHANDELWAL JAIN & CO. on 2023-07-06.
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 5 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| GAURI AMOD MULAY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVIND PRASAD | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TRUPALKUMAR JAYANTIBHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRATEEK VIJAY GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUMAN VIJAY GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVIND PRASAD | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
1
Group entities
1
Capital events
3 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Vijay Devraj Gupta Foundation | Subsidiary Company | 74.00% |
Key managerial personnel: GAURI AMOD MULAY (CFO) · ARVIND PRASAD (CEO) · ARVIND PRASAD (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 30
Growth signals & trust indicators
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
12 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 3.86 Lakh.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence23/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment28/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 12 open charge(s) of 6,507.07 cr already registered.
- Compliance gaps should be priced into terms.
Investor view33/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events31 Oct 2025
Director appointed
TRUPALKUMAR JAYANTIBHAI PATEL (IRP/RP/Liquidator)
27 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
17 May 2023
Director ceased
SONAM KINJAL GANDHI
12 Jul 2022
Director appointed
GAURI AMOD MULAY (CFO)
Director ceased
SUCHETA SAINATH MAHADIK
02 Jan 2018
Director ceased
NARAYAN GANAPA HEGDE
Director ceased
VINAY GAJANAN KAMAT
22 Nov 2016
Director ceased
ANILKUMAR BANSAL
Director ceased
ASHWIN JUGALKISHORE RATHI
12 Aug 2016
Director ceased
HARISH VENKAPPA ANCHAN
20 Jul 2016
Director ceased
MARK EDWARD PAWLEY
11 Jan 2016
Charge created
Others - 200.00 cr
19 Sep 2015
Director ceased
RAMESH CHANDAK
22 Aug 2015
Charge satisfied
Idbi Bank Limited
10
Key Observations
Auto-generated from the data aboveRevenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
6 active director(s) / partner(s); board looks stable and experienced.
5 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of D from Indiarating.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
18 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Sunedison | U40300MH2007PTC331327 | Mumbai, Maharashtra, India |
| Talf Solar | U74999DL2017PTC314309 | New Delhi, Delhi, India |
| Focal Photovoltaic India Private Limited | U40300DL2014FTC266973 | New Delhi, Delhi, India |
| Kushtagi Solar | U40106MH2017PTC415535 | Malad West, Maharashtra, India |
| Ruchi Renewable Energy Private Limited | U40104MH2008PTC185366 | Mumbai, Maharashtra, India |
| Marshall Technocast Private Limited | U27300GJ2012PTC068628 | Taluka Kotda Sangani, Gujarat, India |
| Shanno Business India Private Limited | U45309CT2004PTC016737 | Raipur, Chattisgarh, India |
| Renewpower | U40106DL2011PTC224360 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Ushdev International before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Ushdev International: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Ushdev International - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 40/100, distress signals and MSME payment-delay disclosures - know whether Ushdev International pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Ushdev International - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Ushdev International an active company?
Ushdev International has MCA status “Under Liquidation” with a compliance score of 5/100 (Caution Indicated).
Is Ushdev International financially healthy?
Ushdev International has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Ushdev International?
Its overall Trust Score is 40/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Ushdev International?
Promoters hold the largest single block of equity - exact percentages are in the full report. 6 active director(s) are on record.
Does Ushdev International have loans or charges against its assets?
12 open charge(s) are registered against its assets, and 34 earlier charge(s) stand satisfied.
Is Ushdev International up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Ushdev International?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
